Power Update

Chinese Co to invest in Tamil Nadu power project

June 2010

Shangdong Electric Power Company-III (SEPCO-III), a Chinese EPC contractor, is planning to invest in a 1,320-MW thermal power project at Cuddalore, Tamil Nadu. The project is being promoted by GEMAC Energy Ltd, a Tamil Nadu-based company that is entering the power sector. SEPCO-III will procure the main pieces of equipment - boilers and turbine-generators - from one of the three large Chinese equipment manufacturers - Harbin, Shanghai Electric and Dongfang. Substantial debt funding for the project will come from China to support the purchase of equipment.

Contact: Gemac Energy. Tel: 044-2446 5171. E-mail: contact@gemacenergy.com Website: www.gemacenergy.com

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